@jneeley78 @freddoso @JimPethokoukis I'll dig around. Coulda sworn he (or another treasury official?) said that at a hearing
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En réponse à @scottlincicome
@scottlincicome@freddoso@JimPethokoukis Saying hitting the debt ceiling is not so bad bc treasury can just prioritize is reckless.2 réponses 0 Retweet 1 j'aime -
En réponse à @jneeley78
@scottlincicome@freddoso@JimPethokoukis Particularly when even small increases in the risk of default can affect bond and stock markets.1 réponse 0 Retweet 0 j'aime -
En réponse à @jneeley78
@jneeley78@freddoso@JimPethokoukis ...as can pretty much every significant fiscal policy/report, as well as every other major economy's3 réponses 0 Retweet 0 j'aime -
En réponse à @scottlincicome
@scottlincicome@freddoso@JimPethokoukis They point is, you don't have to actually default for there to be serious consequences.1 réponse 0 Retweet 0 j'aime -
En réponse à @jneeley78
@jneeley78@freddoso@JimPethokoukis right. But, again, "serious" is very different from "defaultpocalypse".1 réponse 0 Retweet 0 j'aime -
En réponse à @scottlincicome
@scottlincicome@freddoso Kids playing in traffic is not good, but we shouldn't say it's life or death. Cars can swerve around them.2 réponses 0 Retweet 0 j'aime -
En réponse à @jneeley78
@scottlincicome@freddoso And even if they do get hit by a car, chances are they won't die. Maimed maybe, but that's better than dead.3 réponses 0 Retweet 0 j'aime -
En réponse à @jneeley78
@jneeley78@freddoso it's very simple: hitting the ceiling does not equal "default" or "certain fiscal Armageddon". It equals "VERY bad"1 réponse 0 Retweet 0 j'aime -
En réponse à @scottlincicome
@scottlincicome@freddoso Hitting the debt ceiling means we can't guarantee there won't be a default.1 réponse 0 Retweet 0 j'aime
@jneeley78 @freddoso & that's a risk we don't want to take, but it's not the same as "instant default," esp when it's not clear when we hit
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